BP says fuel prices will remain high
- BP boss warns crude oil prices will remain high
- Petrol could reach over £1 per litre
- BP says it hasn't passed on full cost of crude oil
High pump prices are here to stay and could even increase, said BP boss Lord Browne yesterday, as he declared BP's first-quarter profits of £3 billion.
Browne said crude oil prices were likely to remain high and could push the price of a litre of fuel above £1 across the country.
He said the company hasn't been passing on the full increases in crude oil costs to motorists, contrasting 30% rise in the price of crude with an 11% hike in the cost of petrol and diesel.
Click here for some tips on how to cut back on your fuel bills.
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